Carnival Corporation (CCL) : Analyst Rating Update

Carnival Corporation (CCL) : 12 analysts are covering Carnival Corporation (CCL) and their average rating on the stock is 2, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Carnival Corporation (CCL) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $80 and the lowest price target forecast is $50. The average forecast of all the analysts is $60.56 and the expected standard deviation is $8.85.

Carnival Corporation (NYSE:CCL): The stock opened at $43.50 on Wednesday but the bulls could not build on the opening and the stock topped out at $43.77 for the day. The stock traded down to $43.06 during the day, due to lack of any buying support eventually closed down at $43.18 with a loss of -1.30% for the day. The stock had closed at $43.75 on the previous day. The total traded volume was 6,195,551 shares.

Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Carnival Corporation (NYSE:CCL). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs raises the price target from $46.5 per share to $52 per share. The rating by the firm was issued on June 29, 2016. The company shares have dropped -10.59% from its 1 Year high price. On Dec 30, 2015, the shares registered one year high at $55.77 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $47.56 and the 200 Day Moving Average price is recorded at $48.99.

Carnival Corporation is a cruise vacation company. The Company has three cruise segments that consist of North America cruise brands, Europe, Australia & Asia (EAA) cruise brands, and Cruise Support. In addition, it also has a Tour and Other segment. The Company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines, Holland America Line, Princess Cruises (Princess) and Seabourn. Its EAA segment cruise brands include AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, P&O Cruises (Australia) and P&O Cruises (United Kingdom). Its Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands, Roatan, Honduras and Puerto Plata, Dominican Republic. In addition to its cruise operations, it owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon.

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